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MTF Engulf / Engulf fail

  • #3,801
  • Jul 18, 2024 9:37am Jul 18, 2024 9:37am
Quoting fxpider
It looks like GOLD will print an inside day today and it will be ranging between 2450 and 2482 for a while.
my view is that gold will take out asia low. next target will be previous day low.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,802
  • Jul 18, 2024 9:45am Jul 18, 2024 9:45am
Quoting melord
{quote} Looks to me like worst place to sell but I sold anyways
Cut loss and flipped buy
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,803
  • Jul 18, 2024 9:45am Jul 18, 2024 9:45am
my view is a little blurry and I'll fall asleep for a while
  • #3,804
  • Jul 18, 2024 9:47am Jul 18, 2024 9:47am
Quoting Inthebox
{quote} my view is that gold will take out asia low. next target will be previous day low.
The thing is, the price got rejected @ daily OPEN and the rejection has created an EG and EF. The Eg got tested and resulted in an onther EG. Please refer to the 5mins chart. Can't post any chart, currently away from my desk.
Success = Practice + Patience + Persistence
  • #3,805
  • Jul 18, 2024 10:16am Jul 18, 2024 10:16am
Quoting melord
{quote} Cut loss and flipped buy
one last short
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,806
  • Jul 18, 2024 10:44am Jul 18, 2024 10:44am
Quoting fxpider
{quote} The thing is, the price got rejected @ daily OPEN and the rejection has created an EG and EF. The Eg got tested and resulted in an onther EG. Please refer to the 5mins chart. Can't post any chart, currently away from my desk.
my reasons.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,807
  • Jul 18, 2024 10:50am Jul 18, 2024 10:50am
Quoting melord
{quote} one last short
after getting the liquidity sweep, you better stop trading.
your mind is not clear enough to carry on.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,808
  • Jul 18, 2024 11:14am Jul 18, 2024 11:14am
Quoting Inthebox
{quote} after getting the liquidity sweep, you better stop trading. your mind is not clear enough to carry on.
Thanks. yeah I got out of all trades. I don't wanna lose anymore. After losing twice, it is impossible to maintain composure on the 3rd trade.
I made so many mistakes today.
Main mistake was I shouldn't have cut loss on the shorts until price broke 1.2988.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,809
  • Jul 18, 2024 11:15am Jul 18, 2024 11:15am
Quoting Inthebox
{quote} my reasons. {image}
gold results
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,810
  • Jul 18, 2024 11:23am Jul 18, 2024 11:23am
I had a dream that this first week was gonna be profitable. Unfortunately it might be limited to only dream.
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Day 4 : -16.64
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,811
  • Jul 18, 2024 11:34am Jul 18, 2024 11:34am
Quoting melord
I had a dream that this first week was gonna be profitable. Unfortunately it might be limited to only dream. {image} Day 4 : -16.64
i think that you were so engrossed in your m15 time frame that you forgot to check htf and market open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,812
  • Jul 18, 2024 11:44am Jul 18, 2024 11:44am
Quoting Inthebox
{quote} i think that you were so engrossed in your m15 time frame that you forgot to check htf and market open. {image}
You are right. This is my first time trading 15 min this week. I only have NY open to trade, so I figured that I will switch to 15 min instead of 30 min so I have more signal opportunities. I will continue using 15 min timeframe for 20 days, evaluate results and then see if I wanna go back to 30 min timeframe.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,813
  • Jul 18, 2024 11:54am Jul 18, 2024 11:54am
Quoting melord
{quote} You are right. This is my first time trading 15 min this week. I only have NY open to trade, so I figured that I will switch to 15 min instead of 30 min so I have more signal opportunities. I will continue using 15 min timeframe for 20 days, evaluate results and then see if I wanna go back to 30 min timeframe.
i would advise not to fix on one time frame.
switch them h4 to h1 to m30 to m15 to m30 to h1 to h4.
each will give you different perspective.
much better than staring at one time frame.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,814
  • Jul 18, 2024 1:41pm Jul 18, 2024 1:41pm
Quoting Inthebox
{quote} gold results {image}
gold previous day low hit.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,815
  • Jul 18, 2024 7:16pm Jul 18, 2024 7:16pm
before the drop, what i have been saying is that when a new high is reached, there will be consolidations.
the two areas of killing grounds for 2 days.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,816
  • Jul 18, 2024 7:33pm Jul 18, 2024 7:33pm
Quoting Inthebox
before the drop, what i have been saying is that when a new high is reached, there will be consolidations. the two areas of killing grounds for 2 days. {image}
Before that you also said monthly highs will be taken. You then said there will be consolidation. How are you doing this?
I hope that you will reveal your trading secrets day by day so we too can predict the market like this.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #3,817
  • Jul 18, 2024 7:46pm Jul 18, 2024 7:46pm
Quoting melord
{quote} Before that you also said monthly highs will be taken. You then said there will be consolidation. How are you doing this? I hope that you will reveal your trading secrets day by day so we too can predict the market like this.
no secrets.
just note all the highs and lows of month, week, day, market sessions.
again you want to predict. no, REACT is the word.
slow down then you have the time to think clearly.
you will regret if you don't slow down, just because you want the 5 pips advantage of fast entry.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,818
  • Jul 18, 2024 8:30pm Jul 18, 2024 8:30pm
interesting
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,819
  • Jul 18, 2024 8:35pm Jul 18, 2024 8:35pm
Quoting Inthebox
{quote} again you want to predict. no, REACT is the word.
I like this part, reaction over prediction isn't it? Control of the market is impossible, control of trades is possible.
I trade at FXOpen
  • #3,820
  • Jul 18, 2024 8:48pm Jul 18, 2024 8:48pm
may the force be with you.
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ITB - Seeing Orderliness amongst 'Randomness'
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